Hut 8: Bullish On Bitcoin, Bullish On Blockchain Growth – The Daily Dive
Joining Cassandra on the Daily Dive today is returning guest Suzanne Ennis, VP of Investor Relations and Corporate Development at Hut 8 Mining (TSX: HUT, NASDAQ: HUT). Within, Sue discusses El Salvador’s $1.0 billion bitcoin bond issue, the aftermath of the DOJ’s 3.6 billion bitcoin seizure related to a Bitfinex hack, the outlook for bitcoin price after a 52% drop, and the Ethereum price action.
Suzanne further discussed Hut 8’s acquisition of TeraGo data centres, the launch of Intel’s crypto mining chip ASIC, and the company’s plans for its bitcoin balance.
Hut 8 prides itself as one of North America’s oldest and largest digital asset miners, navigating the Bitcoin market cycles and supporting sovereign systems since 2018. It is the first publicly traded miner on the TSX and the first Canadian miner to be listed on The Nasdaq Global Select Market. The crypto miner claims to have one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly traded company globally.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
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